Eligibility

Headquarters is defined as the building or buildings where one or more of the following are located:

• The principal offices of the principal executive officers of an eligible business

• The principal offices of a division or similar subdivision of an eligible business

• A research and development center of an eligible business

An “eligible business” is one that:

• Is engaged in either interstate or intrastate commerce

• Maintains a corporate headquarters at a location outside Indiana

• Has not previously maintained a corporate headquarters at a location in Indiana

• Had annual worldwide revenues of at least $50 million for the taxable year immediately preceding the business’s application for this tax credit

• Commits contractually to relocating its corporate headquarters to Indiana

• Company must employ at least 75 employees in Indiana